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On January 1 Joe's Hardware Store Ltd.had $2,300 in cash,and had neither accounts receivable nor payable outstanding.During the month of January,the store had received orders from two contractors for building materials for $20,500,each,which would be paid at the end of the month.During the month,the store had expenses of $15,500 for salaries,$40,500 for inventory,and $2,200 of utilities.What would be Joe's Hardware Store Ltd.cash balance at the end of the month?
Hypothetical Basis
A theoretical foundation or scenario used for analysis or argument, often constructed to explore possibilities or outcomes.
Disclosure
Disclosure is the act of making new or vital information known, particularly facts that could influence decisions in a financial, legal, or personal context.
Franchise
A licensing arrangement where a franchisor allows a franchisee to use its business model, brand, and rights to sell its products or services.
Retail Beverage
Refers to drinks, including alcoholic and non-alcoholic, that are sold directly to consumers through retail outlets.
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